​Real estate prices will increase steadily after the development of entertainment areas located in Kampot

With the benefit of establishing a development project as a recreation area and leisure house in Kampot province, it has become an important driver in driving real estate prices, especially the land market.

(Soy Sinol, director of the Kampot Provincial Department of Tourism)

Soy Sinol, director of the Kampot Provincial Department of Tourism, said last week that Kampot province currently has a number of construction projects to serve the tourism sector, most of which are near mountain and the bank of canal area.

"In 2020, although we are having problems related to Covid-19 crisis, but for the development of services and construction that serve the tourism sector in Kampot still continue every day," he empasized. "We have seen a lot of completed and under-construction in the city and along the canals of Kampot province," he said.

According to Lok Oknha Nuon Ak, the owner of a large-scale natural recreation and development project in the province called "Kampot Thansur", there are many recreational development projects in Kampot provinc which are in progress and growing steadily.

Lok Oknha continued, “For Kampot Thansur project, which is continuing the construction activities according to the master plan, it has become the largest and most prominent project in the province due to the design and location of the project in the potential area,”. “Currently, the professional team has been organizing many different recreational places, including boat rides along the canal, photography area, mixed flower garden area, especially the first large sunflower garden in Kampot, which is very attractive,” he added.

Lok Oknha continued, “Through the improvement of geographical factors, especially the favorable nature of tourism, I believe that in the near future, Kampot province will definitely attract a lot of national and international tourists, as many investors and developers are now spending millions of dollars on investment and processing into many natural recreation areas."

Kampot Thansur Development Project is located in Ang village, Trapeang Pring commune, Teuk Chhou district, Kampot province. It is very large and is divided into many different entertainment areas, not less than 5, such as Sunflower park, Recreation area and Mangrove forest, firefly forest, restaurants, resort areas and hotels, which in the future could build up to about 1,000 rooms.

According to the analysis of real estate experts, in any area, when there is a development plan, the area always pushes up land prices more or less, depending on the size and type of projects, especially development activities.

"Whether it is for leisure housing development or recreation development, it is an important driver in pushing up land prices," he said.

It should also be noted that after National Road No. 3 Phnom Penh-Kampot City is being rebuilt more than 100 kilometers. In October, the government also decided to build and restore the quality of three national roads in Kampot, including National Road No. 41, 31 and 33. Combined with the development of recreation areas and resorts in Kampot province has continued to grow, increasing property prices in the province, especially in the land sector. According to Compass.com.kh website, agricultural land can cost from $ 0.5 to $ 100 per square meter, while land for construction can range from $ 2 to $ 200 or more.